Please note: This update should not be construed as a rating reaffirmation.
O ri gi nal Templ at e123
Rating Update
May 25, 2017 | Mumbai
Umaxe Projects Private Limited
Update as on May 25, 2017
This update is provided in continuation of the rating rational below.
The key rating sensitivity factors for the rating include:
Working capital management
Realisation of receivables
Growth and profitability
Order book
CRISIL Ratings has a policy of keeping its accepted ratings under constant and ongoing monitoring and review. Accordingly, CRISIL seeks regular updates from companies on the business and financial performance. CRISIL is, however, awaiting adequate information from Umaxe Projects Private Limited (UPPL) which will enable us to carry out the rating review.
CRISIL will continue provide updates on relevant developments from time to time on this credit.
CRISIL also identifies information availability risk as a key credit factor in the rating assessment as outlined in its criteria ‘Information Availability Risk in Credit Ratings’.
About the Company
Incorporated in 2007, Umaxe Projects Private Limited (UPPL) was being managed by Mr.
Sanjay Garg. In September 2014, Mr. Garg was joined by Mr. Harpal Singh Gambhir, an
industrialist as the Director and Mr. S.K. Chhabra, a Chartered Accountant, as Chief Executive
Officer. The company based out of Delhi is engaged in the construction activities which include
civil construction mainly for government projects and also participate in the projects for builders.
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